Flywire Co. (NASDAQ:FLYW) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC boosted its holdings in Flywire Co. (NASDAQ:FLYW) by 20.7% during the 4th quarter, Holdings Channel reports. The fund owned 490,749 shares of the company’s stock after acquiring an additional 84,040 shares during the quarter. Peregrine Capital Management LLC’s holdings in Flywire were worth $10,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Flywire during the third quarter valued at $149,000. Creative Planning grew its position in Flywire by 36.5% in the 3rd quarter. Creative Planning now owns 29,685 shares of the company’s stock valued at $487,000 after buying an additional 7,940 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Flywire during the 3rd quarter valued at about $4,843,000. Values First Advisors Inc. raised its position in shares of Flywire by 13.6% during the 3rd quarter. Values First Advisors Inc. now owns 31,747 shares of the company’s stock worth $520,000 after buying an additional 3,805 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Flywire by 87.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 223,244 shares of the company’s stock worth $3,659,000 after acquiring an additional 104,336 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FLYW shares. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Flywire in a report on Thursday, January 9th. Morgan Stanley upped their price objective on Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their target price on Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seaport Res Ptn downgraded shares of Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.38.

Flywire Trading Down 2.4 %

FLYW opened at $19.51 on Tuesday. The stock has a fifty day moving average price of $19.86 and a 200 day moving average price of $18.98. Flywire Co. has a 1 year low of $15.19 and a 1 year high of $31.54. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 130.07, a PEG ratio of 1.52 and a beta of 1.08.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company’s platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.